Elementum raises again and returns to $4bn AUM mark at mid-year

Elementum Advisors, LLC, the insurance and reinsurance linked asset manager, has raised additional capital in advance of the middle of the year, with its overall assets under management reaching the $4 billion mark again at June 30th.

Back in May we reported that Elementum Advisors had raised $150 million from two investors for deployment to opportunities presented by market dislocation at the mid-year renewals, which took its AUM to $3.7 billion.

The CEO of Elementum stakeholder White Mountains recently highlighted that the ILS investment manager had been having success in attracting capital from third-party investors.

Now, in its latest disclosure to Artemis, for our ILS fund manager directory, Elementum has revealed further capital raising success, saying that its overall ILS and catastrophe bond AUM had reached $4 billion at the end of June 2023.

Which suggests that Elementum has raised around $450 million in capital through 2023 so far. We had the ILS manager’s AUM at $3.59 billion at the end of 2022.

Reaching $4 billion is not so much a new landmark for Elementum Advisors, but a strong signal of their ability to recover through fresh growth and new investor partnerships, having previously had assets under management as high as $4.4 billion back at the end of 2020.

To regain that level of ILS AUM is notable, as it reflects the continued recovery of the ILS asset class from the challenging loss years it has experienced, as well as the fresh attraction ILS has for some institutional investors, thanks to its now higher return potential.

View information on many dedicated ILS fund managers, as well as reinsurers offering ILS style investment opportunities, in our Insurance-Linked Securities Investment Managers & Funds Directory.